I'm sorry I was not very clear. I meant privacy as in company critical data like finance, price agreements and so one. There are also a lot of companies who do

I'm sorry I was not very clear. I meant privacy as in company critical data like finance, price agreements and so one. There are also a lot of companies who don't like storing data in a foreign country. What if the government was taken over by a Mr Trump who doesn't give about past agreements? And using a managed cloud doesn't mean no data breach. You can still write SQL injectable websites that read data from the 'safe' cloud.