Permission denied

After installing Matlab R2011b on Fedora 14 I'm getting this error when trying to run Matlab.
/usr/local/MATLAB/R2011b/bin/glnx86/MATLAB: error while loading shared libraries: /usr/local/MATLAB/R2011b/bin/glnx86/libmwblas.so: cannot restore segment prot after reloc: Permission denied
I tried doing "chmod 777 libmwblas.so" but still get same error.

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