We have moved cgexec (and related stuff) from /usr/bin/ to /bin recently to be able to start control groups services as soon as possible. The daemon() function in /etc/init.d/functions must be updated to reflect this change - it expects cgexec in /usr/bin. I am sorry, I should have noticed it earlier. Maybe the full path in daemon() was not good idea at all (I admit it was my proposal). Version-Release number of selected component (if applicable): initscripts-8.94-1
http://git.fedorahosted.org/git/?p=initscripts.git;a=commitdiff;h=37e336a2b710ec5bc4fc1551a61ef566dd36caaf
This is in rawhide now, closing.