/usr/local/firefox/firefox-bin: error while loading shared libraries: libstdc++.so.5: cannot open shared object file: No such file or directory
I checked in the /usr/lib directory and found that the concerned library is not there. It is really frustrating to know that firefox 22.214.171.124 will not work with the latest libstdc++ library.
With some googling and my friend Subhash's advice of installing backward compatible libstdc++ library rpm, problem is sorted out and now firefox is working as usual. :-)
$ yum install compat-libstdc
This is the command which did trick for me.
make world open