if the user made a selection from the list and submitted the page, the list shows the previously chosen element from the list, not the (empty) default value.
This is exactly what is supposed to happen. Normally, if a user enters data on a form and you redisplay it for some reason, you want to show the user the data they entered, right?
Since the <html:select> tag is tied to the value of the property you specify, if you want to reset it, simply set the value of the property in your action class like this:
myform.setManagerId("");