COBOL is a language so bad that no one, especially not women, wants to learn it. It makes managers believe they understand programs because low-level details seem painfully obvious (yet misleading) while high-level concepts are so awkward to express no one can fully fathom them.
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Bad technology made by the ignorant, propped by ignorance, pandering to ignorants, attractive nuisance to the ignorant, then continued via inertia, a captive audience and a huge principal-agent problem... it's not just COBOL but the entire field of computer software.
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COBOL is a scripting language for z/OS.
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