OK, maybe no cloud is a bit extreme, I'll grant that. Maybe your business needs some clunky, minimum-effort, rent-seeking SaaS crapware like Salesforce... fine

IaaS? No. Nope. Not for anything we actually need.

No cloud for anything required to manage and maintain the local network or user accounts. If the external network goes down, we're still operational internally, we have our own domain and authentication servers, everyone can still login and run any locally deployed applications (which we prefer, so most of our business needs are served that way). We're not going to lose corporate data to the latest AWS leak, we're not going to be dead in the water because AWS East went down again, we aren't going to have to reasess our budget because AWS raised their monthly fee again.

It's not about "feelings", it's about proper risk assessment and mitigation.

You can outsource labor, you can outsource storage, you can outsource compute, you can't outsource risk.

For business you should be able to fully control the VM, back it up and restore it somewhere else.

If you can't do that ypu are chained.