That doesn't happen to be true. Care to quote your FAR reference for two
people logging PIC at the same time?

Jim





You -are- PIC when you are the final authority on the conduct of the
flight (and are so qualified). You -may- -log- PIC if you are
appropriately rated and are sole manipulator (your hands unaided on the
stick).

Yes, two people can -log- PIC, but only one can -be- PIC.