New York (CNN Business) Some WeWork board members want to remove Adam Neumann as chief executive of the company, the Wall Street Journal and other outlets reported Sunday, citing people involved in the talks.

Softbank SFBTF largest investor, seems to be in favor of replacing Neumann. Bloomberg and the New York Times also reported that, The We Company'slargest investor, seems to be in favor of replacing Neumann. CNBC reported Softbank CEO Masayoshi Son supports Neumann's removal, according to a person familiar with the matter.

the Journal reported. This would allow him to stay at the co-working real estate company he built over the past decade while bringing in new leadership to shepherd We through The board could meet as early as this week to discuss a proposal for Neumann to become the company's nonexecutive chairman,the Journal reported. This would allow him to stay at the co-working real estate company he built over the past decade while bringing in new leadership to shepherd We through its IPO

WeWork declined to comment for this story, citing the quiet period ahead of its public offering. Softbank did not return a request for comment.

Softbank has invested billions into The We Company. Ronald Fisher, vice chairman at Softbank, and Mark Schwartz, former board director at Softbank, joined the company's board as part of a 2017 $4.4 billion investment in We by Softbank. But Neumann, who is one of seven board members, is We's controlling shareholder, giving him the power to fire the board.