/usr/local/mysql/bin/mysqld: error while loading shared libraries: libaio.so.1: cannot open shared object file: No such file or directory

On Debian, if you get the error:

/usr/local/mysql/bin/mysqld: error while loading shared libraries: libaio.so.1: cannot open shared object file: No such file or directory

type the following

apt-get install libaio1 libaio-dev

On Redhat/Fedora/CentOS:

yum install libaio