MANAGER: How long do you work in a day?

After two years of selfless service,
a man realized that he has not
been promoted, no transfer, no
salary increase, no
commendation and that the
company is not doing anything
about it. So he decided to walk
up to his HR Manager one
morning and after exchanging
greetings, he told the HR
Manager his observation.
The boss looked at him, laughed
and asked him to sit down
saying; "My friend, you have not
worked here for even one day."
The man was surprised but the
manager went on to explain:
MANAGER: How many days are
there in a year?
MAN: 365 days and some times
366.
MANAGER: How many hours
make up a day?
MAN: 24 hours.
MANAGER: How long do you work
in a day?
MAN: 8am to 4pm i.e. 8 hours a
day.
MANAGER: So, what fraction of
the day do you work in hours?
MAN: (he did some arithmetic
and said 8/24 hours i.e. 1/3)
One-third.
MANAGER: That is nice, what is
one- third of 366 days?
MAN: 122 (1/3 * 366).
MANAGER: Do you come to works
on weekends?
MAN: No sir.
MANAGER: How many days are
there in a year that are
weekends?
MAN: 52 Saturdays and 52
Sundays equals to 104 days.
MANAGER: Thanks for that. If you
remove 104 days from 122 days,
how many do you have now?
MAN: 18 days.
MANAGER: OK! I do give you two
weeks sick leave every year. Now
remove that 14 days from the 18
days left, how many days do you
have remaining?
MAN: 4 days.
MANAGER: Do you work on New
Year day?
MAN: No sir!
MANAGER: Do you come to work
on workers day?
MAN: No sir!
MANAGER: So, how many days are
left?
MAN: Two days sir!
MANAGER: Do you work on
Independence day?
MAN: No sir!
MANAGER: Do you work on
Christmas day?
MAN: No sir!
MANAGER: So, how many days
left?
MAN: None sir!
MANAGER: So what do you need a
promotion for? We should even
be sacking you! My question now
is this, is the Manager wrong or
right?