We have learned that some of the grammar rules drilled into our heads years ago may no longer apply. Here's another rule that was drilled into my head but apparently is wrong now.
I was always taught that you show possession with ('s) unless the word ends with an "s" then you just add the apostrophe, even if it's a name or singular form. Guess not.
http://owl.english.purdue.edu/owl/resource/621/01/