RHN Satellite v5.3 installation fails with "Can't locate Params/Validate.pm"

Issue

• RHN Satellite install error "Can't locate Params/Validate.pm"

  # ./install.pl --skip-selinux-test 
  * Starting the Red Hat Network Satellite installer. 
  * Performing pre-install checks. 
  * Pre-install checks complete.  Beginning installation. 
  * RHN Registration. 
  ** Registration: System is already registered with RHN.  Not re-registering. 
  * Checking for uninstalled prerequisites. 
  * Applying updates. 
  * Installing RHN packages. 
  * Now running setup. 
  Can't locate Params/Validate.pm in @INC (@INC contains: /usr/lib64/perl5/site_perl/5.8.8/x86_64-linux-thread-multi /usr/lib/perl5/site_perl/5.8.8 /usr/lib/perl5/site_perl /usr/lib64/perl5/vendor_perl/5.8.8/x86_64-linux-thread-multi /usr/lib/perl5/vendor_perl/5.8.8 /usr/lib/perl5/vendor_perl /usr/lib64/perl5/5.8.8/x86_64-linux-thread-multi /usr/lib/perl5/5.8.8 .) at /usr/bin/spacewalk-setup line 33. 
  BEGIN failed--compilation aborted at /usr/bin/spacewalk-setup line 33.