Top Silicon Valley executives made $1 billion last year

The highest-paid executives of Silicon Valley’s largest companies took home $1 billion last year, according to an annual executive compensation survey. Thomas M. Siebel, chief executive of Siebel Systems, was first in the survey with income of $34.6 million.

Scott McNealy of Sun Microsystems placed second on the list, pulling in about $25.8 million last year after cashing in $25.2 million in options. Craig Barrett, CEO of Intel, came in third with $19.4 million. Peter Calpine of Calpine energy and John Gifford of Maim Integrated Products rounded out the top five.