As an organization, maybe, as an encyclopedia, not so true.
For one, we have a lot of examples of people working within companies to add content that they like. A lot where exposed, but others surely are not.
Especially in non technical issues (politics, history, etc), I find Wikipedia to be an assortment of western media biases. It's only natural, of course, given the majority of content editors origin, training, the selection bias inherent in wanting to contribute to such an effort, etc. I wouldn't give it any more worth on such subjects than I give to the CIA World Factbook.