Disney (DIS) is reportedly set to win its boardroom battle against activist investor Nelson Peltz, according to Reuters, with the official shareholder vote set to be released on Wednesday. Was this proxy fight enough to cause palpable change for the entertainment company's business?

Former Walt Disney World Resort Executive Vice President of Operations Lee Cockerell joins Morning Brief to discuss the proxy battle between Disney and Peltz, how the business may shape up moving forward, and a future vision for Disney.

Cockerell, currently known as a leadership and management strategist, comments on Disney CEO Bob Iger's influence on the company: "The main issue is fixing streaming, the media business, and I think Bob has that under control as far as he knows what to do, now it will be how you do it and can you get it done quick enough? But, Disney people have a lot of faith in Bob Iger, his ability as a good leader and a good manager, and so he creates the right environment for our teams at Walt Disney World at the parks."

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Editor's note: This article was written by Nicholas Jacobino

Video Transcript

SEANA SMITH: Investors are closely watching Disney's shareholder meeting today. Results of the vote on CEO Bob Iger's proxy battle with Nelson Peltz is set to be released.

Now, Reuters is reporting that Disney has enough shareholder votes as of Tuesday evening to put its board of directors ahead of its challengers. We want to bring in Lee Cockerell. He's a former Walt Disney World Resort executive vice president of operations, also leadership and management strategist.

Lee, it's great to see you here. So I'm curious just to get your perspective, your view on what has played out over the last several months, and what position this puts Bob Iger in. It looks like he will have enough votes, at least, at this point, to fend off that pressure from Nelson Peltz.

So where does that put us a couple of weeks from now?

LEE COCKERELL: Well, I think everyone was disappointed with the stock going down. That's all we heard about for a while. And then this proxy fight, I've watched all the videos Peltz and Rosillo have done. And I watched Bob. And I've looked at the numbers. And it appears to me that they both want the same thing.

Everybody wants the stock to go up, of course. And the main issue is fixing streaming, the media business. And I think Bob has that under control as far as he knows what to do. Now, it'll be how you do it. And can you get it done quick enough?

But Disney people have a lot of faith in Bob Iger, his ability as a good leader and a good manager. And so he creates the right environment for our teams at Walt Disney World, the parks.

And I don't know much about the media business myself. But, obviously, that is the main item that I hear them talking about is the streaming. And that's a tough business right now, getting into it. And it hasn't settled down yet.

BRAD SMITH: They're all tough businesses, whether it's looking at streaming and the profitability there, or the future of ESPN, or even the studios creativity and creating something that's fresh for viewers that creates even more merchandising opportunity, or plays into the resorts experiences there, where you have the majority of your own professional experience.

And you used to work with Jay Rosillo, who has, actually, been put forward by Trian partners as one of the potential board seats. I wonder if you're still in communication with him. Where do you think his vision may lie for what they're talking about at Trian about making sure that they've got $60 billion of CapEx and getting digit, high single digit operating income growth to ensure some of those returns?

LEE COCKERELL: Well, I think Joe was-- he was mainly focused on the finances. And he was a CFO. And when he was in the parks, we did not see him that often, as the parks were doing great. So we didn't get very many visits.

I don't remember Jay giving any creative push for Disney Parks. He was focused on the business, on the finances. And I haven't heard yet from him or Peltz any thoughts about what they would do.

I said earlier, I was talking to someone saying, opinions are a dime a dozen. People want to come in and help you, especially, when it's high finances involved. I'm not sure. I haven't heard of any strategy, any tactics, any creative ideas that come from Jay.

So I'm not sure. They're saying the right things, certainly, that they want to help. And they both say they support Bob Iger. I'm not sure what the issue is at the bottom line. Maybe, they believe they can do the analysis on the whole business better and come up with better solutions and better strategy.