I don't think you are alone, many companies will never put the life on a cloud and watch its data come raining back in a thunderstorm
Many companies have hard time arguing with the positive financial impact to their budget that cloud computing presents to them. The upfront capital investment is practically none existent, nor do they need to refresh the hardware/software on a periodic basis that also eliminates financial funding for maintenance and support of their own systems or their own private cloud. At the time, at least in the US, when one gig connection to the Internet is quickly becoming a common option with point-to-point link being the other, you'd be surprised just how many companies actually do commit to the cloud. It depends on the size of the company, if it commits partially or fully to the cloud.
On the other hand the security and especially privacy implication of cloud computing is real, as most of you noted in this topic.
In a world where most people voluntarily give up their privacy to public clouds(as in free), such as Google, Facebook, etc, for them moving company data to the cloud poses no issues. It seems interesting that the people who would not be seen half-naked and drunk on the streets, have no problems posting the same pictures in the public cloud. Go figure that the some of the same people are now decision makers in the matter of cloud computing.
Google makes 97% of their revenue from advertisement that is made possible by the public cloud that they provide "free" to the general public. Free as in freely mining the general public's data for profit with the consent, implied or stated, of the said general public. Google also provides semi-private email services for some of the Universities for free of charge; it would be a surprise if they don't do data mining for these services as well.
Cloud providers will find a way to follow Google's footsteps and now even Microsoft jumps on this bandwagon, "Into the cloud...".
This means only one thing, in the near future the mined data will be widely available for everyone. The next time you'd want to date a girl, or a guy depending on your preference, you can do a search for him or her for low monthly cost of $3.99. You can find out their past history, education, financial status, medical history, and if they ever posted a half naked drunk picture of themselves...