I suppose it depends on how you look at it ... If you believe Bob Chapek is bringing profits and doing so in such a way that he is also building brand loyalty that will result in profits for the foreseeable future, then yeah it wouldn't make sense to vote against him. Or if you only plan on owning DIS stock for a very short amount of time, you probably only care about the short term profits.
However, I suspect what some long time DIS shareholders believe is that Disney under Bob Chapek is sacrificing long term brand loyalty and consumer satisfaction for short term profits.
I'm not an expert in running a business, but I've always been taught that long term customer satisfaction is significantly more important than short term profitability and will result in long term profitability as well. Historically, I think Disney has done a better job than it does today of making customers believe they were paying for quality and great customer service - which despite the high prices, customers were happy to pay.
Disney of recent has been raising prices and cutting costs to create their record profits - all at the expense of the customer experience. It may be working for right now, but will it continue to work in the long run, or will it tarnish Disney's reputation or allow another theme park to take over as the top destination? Time will tell.