I think you are generally wrong. Yes, ‘manager’ carries with it a certain amount of administrative and organisational responsibilities, not to mention the important ‘soft skills’ with conflict resolution and the like. But to deny or minimise the value of providing leadership is to miss the forest for the trees. The good managers I work with (and in my role I work with many) are definitely leaders in the traditional sense. They are the cool, rational, respected hands that provide guidance, break ties in debates and help drive the team/s forward. They are required to think strategically at times, and are certainly invaluable tactically.
We are all accountable to someone, all the way up to the CEO (who is accountable to the board). To diminish the role and contribution of managers at the bottom of the management stack is to be wilfully ignorant of the value they are providing.