Yea, I assume it would be something like cutting the day in half. PG said to put the calls at the end of the day, so it didn't feel like an interruption. I can see how that would work; similar to what you're saying. I wonder if top-of-game CEOs and people like that are better at switching between IC and manager, or if they are just manager from day one. It seems like Elon Musk may be one of these bright people who can concurrently IC and manage.
The mental switch is one part of the issue, and time fragmentation is the other.