Despite Walt Disney's (DIS) first-quarter earnings beat, activist investor Nelson Peltz is proceeding with his push to join Disney's board. KeyBanc Capital Markets Research Analyst Brandon Nispel argues Disney needs no "outside influence" with CEO Bob Iger in command. Though Peltz sees oversight gaps, Nispel tells Yahoo Finance Live Iger has "everything under control." On potential content cost cuts, Nispel says reductions are "difficult for us to see" given Disney's identity as a content company. However, he notes Disney's "rightsizing" has already "improved profitability across segments" for now. Meanwhile, Santa Clara University's Associate Professor Ye Cai points to corporate governance concerns, such as only a handful of the company's independent directors not being appointed during Iger's tenure. Cai says this pattern often weakens monitoring, enables "higher CEO compensation" and lack of accountability during struggles. However, Cai also notes that having a CEO-friendly board may not always be a negative if the CEO is really pushing the company forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

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